Bounding quantile demand functions using revealed preference inequalities

Richard Blundell (), Dennis Kristensen and Rosa Matzkin

No CWP21/11, CeMMAP working papers from Centre for Microdata Methods and Practice, Institute for Fiscal Studies

Abstract: This paper develops a new technique for the estimation of consumer demand models with unobserved heterogeneity subject to revealed preference inequality restrictions. Particular attention is given to nonseparable heterogeneity. The inequality restrictions are used to identify bounds on quantile demand functions. A nonparametric estimator for these bounds is developed and asymptotic properties are derived. An empirical application using data from the U.K. Family Expenditure Survey illustrates the usefulness of the methods by deriving bounds and confidence sets for estimated quantile demand functions.

Date: 2011-06-01
New Economics Papers: this item is included in nep-ecm and nep-ltv
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Citations: View citations in EconPapers (21)

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Related works:
Journal Article: Bounding quantile demand functions using revealed preference inequalities (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ifs:cemmap:21/11

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